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employees allowing them to purchase one ordinary share Ordinary share capital, P100 par value, 100,000 shares On April 1, 2021, the entity issued 20,000 share options to 2021, Complex Company had the following share capital: Ordinary share capital, P100 par value, 100,000 shares authorized, 60,000 shares issued 6,000,000 for each option at P150. No fair value is assigned to the share option is P10. The average market price during the year was P250 and the ending market price was P300. The net income for the current year was P3,000,000. Required:

employees allowing them to purchase one ordinary share Ordinary share capital, P100 par value, 100,000 shares On April 1, 2021, the entity issued 20,000 share options to 2021, Complex Company had the following share capital: Ordinary share capital, P100 par value, 100,000 shares authorized, 60,000 shares issued 6,000,000 for each option at P150. No fair value is assigned to the share option is P10. The average market price during the year was P250 and the ending market price was P300. The net income for the current year was P3,000,000. Required:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ordinary share capital, P100 par value, 100,000 shares On January 1, 2021, Complex Company had the following Problem 20-9 (ACP) share capital: authorized, 60,000 shares issued 6,000,000 On April 1, 2021, the entity issued 20,000 share options to employees allowing them to purchase one ordinary share for each option at P150. No fair value is assigned to the share option is P10. The average market price during the year was P250 and the ending market price was P300. The net income for the current year was P3,000,000. Required: 1. Basic earnings per share 2. Diluted earnings per share
Transcribed Image Text:Ordinary share capital, P100 par value, 100,000 shares On January 1, 2021, Complex Company had the following Problem 20-9 (ACP) share capital: authorized, 60,000 shares issued 6,000,000 On April 1, 2021, the entity issued 20,000 share options to employees allowing them to purchase one ordinary share for each option at P150. No fair value is assigned to the share option is P10. The average market price during the year was P250 and the ending market price was P300. The net income for the current year was P3,000,000. Required: 1. Basic earnings per share 2. Diluted earnings per share
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